Trent Limited Tata Group’s retail chain company made a profit of Rs 335 crore in the second quarter of FY 2024-25. This increase was 47% compared to the same quarter a year ago. In the second quarter of FY 2023-24 (Q2FY24), the company had a profit of Rs 228 crore.
The consolidated revenue from the company’s operations stood at Rs 4,156.67 crore in the July-September quarter, an increase of 39.37% on an annual basis. In the same quarter a year ago, the company generated a revenue of Rs 2,982.42 crore. Revenue is the amount received from selling goods and services
Trent Limited’s total income increased by 37%
In the July-September quarter, the total income of Trent Limited increased by 37.30% year-on-year to Rs 4,204.65 crore. In the second quarter of the financial year 2023-24, the company’s income was Rs 3,062.47 crore. At the same time, the total expense of the company during this period was Rs 3,743.61 crore.
Shares fell more than 6% after the results
After the quarterly results, Trent’s stock fell by 6.12% on Thursday (7 November). The company’s stock fell by 425 points to close at 6,530. The company’s stock has fallen by 12.34% in the last month.
Whereas, it has given a positive return of 44.98% in the last 6 months, 169.39% in one year and 117.51% this year i.e. from January 1 till now. The company’s market cap is Rs 2.31 lakh crore.
Trent Limited runs a hypermarket and supermarket chain
Trent Limited is a subsidiary of Tata Group. The company works as a retail chain operator in India. It was started on 5 December 1952 as Lakme. Trent’s Westside with Tata Group provides branded fashion apparel and other items for women, men and children.
The company operates department stores, hypermarkets, supermarkets and speciality stores. Its products include clothing, shoes, cosmetics, perfumes, handbags, furniture and other accessories.
